Argo Venture´s capital markets subsidiary Argo Capital Solutions structured a revolving credit facility with a total volume of up to $ 150 m in collaboration with MACQUARIE for then Atlanta-based CIG Wireless Corp. Under the debt facility, Macquarie bank served as the administrative agent, collateral agent and the initial issuing lender.
CIG Wireless and its four subsidiaries develop, operate and own wireless and broadcast communication towers in the United States. Its main business areas are leasing antenna space on its communication sites via long-term contracts and developing wireless infrastructure sites. Stefan Beiten and Nikolaus Weil designed the debt facility to satisfy CIG’s cash requirements for working capital and to increase site rental revenues.
Furthermore, the cash injection provided CIG with a high degree of flexibility to respond to opportunities and expand its market through the acquisition and construction of new broadcast communication towers and other qualified assets.
Both Beiten and Weil are key figures at Argo Venture Capital and its various subsidiaries and associated companies. They specialize in developing financial strategies and products and have in-depth experience in supporting entrepreneurs with cross-border business interests.
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